The Matson (MATX) Receives Coverage Optimism Score of 0.42

The Matson (MATX) Receives Coverage Optimism Score of 0.42

Here are some of the news headlines that may have impacted AlphaOne’s rankings:

News headlines about Matson (NYSE:MATX) have been trending positive recently, AlphaOne reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Matson earned a media sentiment score of 0.42 on AlphaOne’s scale. AlphaOne also assigned media coverage about the shipping company an impact score of 32 out of 100, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the next several days.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Matson from a “hold” rating to a “sell” rating in a research note on Friday, February 24th. TheStreet cut shares of Matson from a “b-” rating to a “c+” rating in a research note on Monday, May 22nd. Shares of Matson (MATX) opened at 30.37 on Monday. Matson has a 52 week low of $28.24 and a 52 week high of $43.00. The stock’s 50 day moving average is $30.96 and its 200 day moving average is $34.05. The stock has a market capitalization of $1.31 billion, a PE ratio of 18.98 and a beta of 1.02.

Matson (NYSE:MATX) last issued its earnings results on Wednesday, May 3rd. The shipping company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $474.40 million for the quarter, compared to the consensus estimate of $417.03 million. Matson had a net margin of 4.57% and a return on equity of 20.49%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Analysts anticipate that Matson will post $1.62 EPS for the current fiscal year. The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.76 annualized dividend and a dividend yield of 2.50%. Matson’s dividend payout ratio is currently 38.00%.

In related news, Director W Blake Baird sold 2,668 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $32.63, for a total value of $87,056.84. Following the transaction, the director now directly owns 18,161 shares in the company, valued at $592,593.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Cox sold 20,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $32.16, for a total transaction of $643,200.00. Following the completion of the transaction, the chief executive officer now owns 241,720 shares in the company, valued at $7,773,715.20. The disclosure for this sale can be found here. 2.36% of the stock is owned by insiders. Matson, Inc is a transportation company in the Marine industry.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MATX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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